News

External trade January-March 2005

Balance of trade
The value of exported goods from Iceland amounted to ISK 46,700 million fob and the value of imported goods amounted to ISK 58,300 million fob January-March 2005. Thus there was a trade deficit of 11,600 million as compared with a trade deficit of 500 million in January-March 2004, at fixed rates of exchange¹.

Exports
The total value of exports of goods January-March 2005 was 600 million or 1.2% higher at constant rates of exchange than the same period the year before.

Imports
The total value of imports of goods January-March 2005 showed an increase of 10,500 million or 22.0% higher than in the same period last year, at fixed rates of exchange.